The black levels on almost all business class projectors are terrible, and the DLP models almost all exclusively use 2x color wheels which are super prone to rainbow effect issues (RBE). This is why super casual movie night outside can get by with a cheap $100 Panasonic LCD projector, but in your home, you absolutely want a proper home theater model if budget allows.
It is worth keeping in mind that as projectors age, and get use, they have a ton of other moving parts like fans that degrade, DLP chips that suffer from stuck pixels, power supplies that just age out and fail, or LCD polarizers which start to discolor and fail. This means that ANYTHING used, without a warranty, is a gamble. So while something like this would absolutely blow away almost anything else out there for the money...
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You aren't under any promise that it will work more than a month, and if even the lamp fails, you are out a fair bit to replace that lamp with a high quality replacement.
That said, the Epson 5020UB is a beast and quite a good projector. It will look better than a brand new BenQ TH575 ($500) for sure.
There are other models out there as well which fall into this category and perhaps budget. But, it is not exactly new having been released over 10 years ago. Still, it holds the similar form factor to the current 5050UB, so it's not that crazy of an idea. Just make sure if you pick anything up, that you test it thoroughly prior to taking ownership or getting stuck with it.
I would say a model like the Epson 3800 for about $1,300 refurb probably wouldn't look one bit better than the 5020UB, it just offers a warranty and cheap replacement lamps.
You can throw out models for us to consider, but if there are reviews at Projector Central, than read them first and look for other 'quality' reviews that actually take some measurements and has someone who knows their stuff looking at it.
Don't get silly and just buy something without doing homework.
Be aware of throw distance, and that these projectors NEED a surround system of some sort to work properly. That can be part of the discussion.
As should screen size as 100" is relatively small by front projection standards. I'm not sure I've ever installed anything smaller than 120" diagonal. Plan on at least 10" of screen diagonal for each foot of viewing distance. So, yes, if you're 10' eyes to screen, then a 100" diagonal makes sense. But, if you picked that size because it sounded good, you will want to do some measuring instead. Oh, and IF YOU CAN - buy the projector, and try out some different sizes and see how comfy it is at various sizes. You may find you like a 135" screen unexpectedly.
Lastly, make sure you know throw distance, lens shift, and lens offset for anything you buy. Projector Central does a great job with their Throw Calculator...
Find screen size and throw distance for the Epson PowerLite Home Cinema 5020UB projector.
www.projectorcentral.com